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There is 6 types of options: Binary Options, One Touch, 60 Seconds, Pairs, Long Term, Ladder

Binary Options
Binary Options are the most popular trading instrument on the binarynfx.com platform. It is by far the simplest trading tool, especially for beginners.

One Touch
One Touch Options are not similar to the rest of the Binary Options offered on binarynfx.com, as they provide higher payouts in case an asset reaches a pre-defined price and are tradable when all financial markets are closed during weekends, holidays and after-hours.

60 Seconds
Trading 60 Second Options is similar to trading classic Binary Options. The difference is that these options expire in 30, 60 or 120 seconds from the initiation of a trade and the maximum amount per position is limited to €250.
60 Second Binary Options are intended mainly for more aggressive traders. These instruments provide possibilities for instant profits and allow traders to take advantage of markets with high volatility.

Pairs
With similar functionalities to Binary and Long Term Options, Pairs allows traders to predict the relative ratio between 2 assets from the same equity type (which asset will outperform or surpass the other by expiry). With regular Binary Options, the price of a commodity is predicted. With Pairs, a trader predicts how strong or weak one asset will be compared to the other.

Long Term
Long Term Binary Options allow you to trade within a wider timeframe. By taking into account macroeconomic environment and basic fundamental indicators, you can open positions with expiration time from the next day up to 1 year.

Ladder
The Ladder is a tool that allows traders to make multiple predictions for a particular asset and an expiry time while analyzing the corresponding payouts and profits. As opposed to classic binary trading (chose, analyze, invest), with the Ladder, a trader can select multiple options for the same expiry time that are deep in-the-money to gain a few percentage points in a ‘safer manner’ or choose an option that is out-of-the money to gain a potential return that can reach up to 1500%.

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as for the forecast for EUR/USD, those 50% of experts, which reckoned that, for sure, the pair would try to retest the bottom in the area of 1.1200, turned out to be right. The indicators on H4, which pointed to the south (where the pair did move early week), as well as the ones on D1, which predicted a sideways trend (on Thursday the pair returned to the figures of Monday), turned out to be right. Diverse data on the USA economy at the end of the week put in pie, and thus the pair started to jig up and down, and eventually it wrapped up the week at the level of 1.1150 – at that very area, where as far back as last June the long-term sideways trend, keeping EUR/USD within the range of 1.0500 – 1.1500, had started;

with a small tolerance, the forecast for GBP/USD may be deemed as 100% fulfilled. As anticipated, first the pair went down – to the support of 1.3000, but when 50 points were left to reach it, the pair reversed and by the end of Friday it hit the resistance of 1.3320, specified by the experts, approaching the upper boundary of the sideways trend, alongside which it had been moving during the last two months;

giving the forecast for USD/JPY for the week, the analysts indicated the level of 102.20 as the main resistance. As for the pair’s rise to the area of 105.00–107.00, the pair was supposed to spend at least one to two months to do so. However, it seemingly intends to do so much faster. At least, in the past week alone it surged up by 250 points and, having broken through the resistance of 102.20, it reached the high of 104.30;

the assumption thatUSD/CHF tended to continue the sideways movement turned out to be correct – it finished the week at the same area, it had started from. As a reminder, during the past few months the analysts reckoned that it would strive to consolidate above the level of 0.9800. The pair made that very attempt once again also last week. However “the shoot to the north” failed to be convincing, and having got over just 85 points, the pair went back to the landmark level of 0.9800.

Forecast for the Upcoming Week.
Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested :

EUR/USD. The opinions of the analysts still differ – 40% of them believe that the pair will go up – to the resistance of 1.1300. The remaining 60%, backed by the indicators and the graphical analysis on Н4, predict the pair’s fall first to the support of 1.1125 and then down to 1.1070. Afterwards, in their view, for a while the pair will be moving in a horizontal channel of 1.1000 – 1.1160 with the pivot level of 1.1070;

clearly, assessing the prospects for GBP/USD, most indicators (75%) point to the north. Asfortheanalysts, wemayoutlinetwoscenarios. According to the first view (held by 80% of experts and the graphical analysis on D1), the pair will try to break through the resistance of 1.3370, and, once this happens, try to reach the highs of July 15 and June 29 - 1.3480 and 1.3530, respectively. As for the remaining 20% of analysts and the graphical analysis on H4, they believe that first the pair should plunge to the pivot level of summer sideways channel in the area of 1.3065. We’ll see which of these scenarios will play out early in the week. Withthis,notethatdata on the EU economy, and in particular, the ECB interest and deposit rates decision, may influence the change of the trend. However the mega-regulator is expected to keep them on hold;

giving the forecast for USD/JPY, both the experts and the graphical analysis believe that the pair will be able to get over the resistance within 104.00 – 104.50, and it will have to move down to the support of 102.30. With this, the graphical analysis on D1 reckons that during the month the pair can go further down – to the level of 100.90;

as to the last pair of our review – USD/CHF, the forecast here has been without any major changes for weeks – a gradual consolidation at the pivot level of 0.9800, which can be clearly seen on D1 and W1 charts. The nearest support will be at the levels of 0.9760 and 0.9735. The resistance will be at 0.9840, 0.9885, 0.9955. With this, if indicators on H4 take a neutral position, then the ones on D1 point up, reflecting the prevalence of bullish trends. The upcoming most significant events worth noting are release of GDP data fromSwitzerland on Tuesday and data on unemployment rate – on Friday.

Notice: These materials should not be deemed as a recommendation for investment or guidance for working on financial markets and they are for informative purposes only. Trading on financial markets is risky and it can lead to loss of money deposited.